Shoura to discuss tax on expat remittances

Shoura to discuss tax on expat remittances
Updated 27 April 2016

Shoura to discuss tax on expat remittances

Shoura to discuss tax on expat remittances

JEDDAH: The Shoura Council is expected to have a discussion this Sunday on a proposed tax on expatriate remittances.

The proposal from the Shoura’s finance committee had been drafted by member Hossam Al-Anqari, according to a report in a local publication. This comes in the wake of discussion in all Gulf Cooperation Council (GCC) countries on this issue.
According to a Gulf Research Center report released earlier this year, GCC countries are critical sources of global remittances, circulating billions mostly to Asian economies.
Approximately 23 percent of the world’s $400 billion official remittances in 2013 came from the GCC region, totaling nearly $90 billion and making it the leading remitter in the world, with the Kingdom at the top in the GCC.
Other topics that would be discussed on Sunday include the annual performance reports of a number of government agencies. The meeting was held under the chairmanship of Mohammed bin Amin Al-Jafri, vice chairman of the council.
Others in attendance included Yahya bin Abdullah Al-Samaan, assistant to the chairman, Mohammed bin Abdullah Al-Amr, secretary general, and heads of specialized committees.
Also under discussion will be a report on standardizing regulations for youth councils from the Shoura’s committee on social, family, and youth affairs, proposed by member Hamed Al-Sharari.
Other topics include a report from the water, agriculture, and environment committee concerning the new water and power tariff.
The Shoura members will on Sunday also discuss their health committee’s report on regulations concerning pharmaceutical facilities, private health facilities, and health care professions.
Reports to be scrutinized include that of the Human Resources Development Fund submitted by the committee on management and human resources; the report of the committee on transportation, telecommunications, and information technology on the General Authority for Civil, and the committee on economy and energy report on the Ministry of Petroleum and Minerals.